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Best robo-advisors for 2022

Eager to explore automated investing? Start your search with these 9 robo-advisors.

There’s a lot to consider when narrowing down your robo-advisor options — especially for first-time investors. We’ve crunched the numbers to assess robo-advisors across seven key metrics to bring you the cream of the crop. These are our picks for the best robo-advisors for 2022, plus three honorable mentions with specialty niche features.

Learn more about how we picked these nine platforms.

1. Betterment — Best for beginners


Finder rating 4.4 / 5 ★★★★★

It’s tough to understate just how well-rounded Betterment is. Free to use? Check. Comprehensive account selection? Check. Tax-advantaged investing? Check. Betterment is the highest scoring robo-advisor we’ve reviewed and receives high marks for competitive fees, robust support, a well-received mobile app and globally diversified investment portfolios.

And what makes it ideal for beginners? Two things: it’s straightforward to navigate and it offers built-in tooltips to help you learn as you invest.

2. Worthy — Best for bond investments


Finder rating 4.2 / 5 ★★★★★

Worthy is something of a dark horse in the world of robo-advisors. This little-known service specializes in bond investments that offer fixed 5% returns on investments. And it boasts a number of features that secure it a place among our highest-rated platforms, from its speedy support team to its spare change round-up feature. Oh, and did we mention that Worthy is entirely free to use? A real rarity among robo-advisors.

For investors interested in supporting small businesses with bond investments, Worthy may be worth a look. But keep in mind that the platform doesn’t offer access to stocks or ETFs.

3. Acorns — Best for rounding up spare change


Finder rating 3.9 / 5 ★★★★★

Acorns is one of the more beginner-friendly robo-advisors on this list and stands out for predictable flat-rate fees, no minimum deposit requirements and a highly rated mobile app.

Plus, it’s equipped to offer roundups, a feature that links your debit card to your Acorns account, rounds up purchases to the nearest dollar and invests the difference. Talk about automated investing. With roundups, you don’t even need to set up regular deposits — just use your debit card as you normally would and let the roundups do the rest.

But think twice about its flat-rate pricing before you sign up. Percentage-based management fees — like those charged by Betterment and Wealthfront — wind up being less expensive for smaller portfolios. The tipping point sits around the $5,000 mark.

4. SoFi Automated — Best all-in-one finance platform

SoFi Automated

Finder rating 3.9 / 5 ★★★★★

There’s something to be said for a platform that operates as a one-stop-shop. And that’s precisely what SoFi offers: a one-stop-shop for investments, bank accounts, credit cards, loans, insurance coverage and more. If you’re the type of person that prefers to keep all their accounts under one roof, SoFi may be worth a look.

And its robo-advisor is free to use, which gives it a big leg up over the competition. Plus, you can contact SoFi’s financial advisers to chat about your financial goals as needed. The downsides? It isn’t equipped to offer tax-loss harvesting, and it’s missing some niche account options like custodial accounts.

5. Fidelity Go — Best for accounts under $10,000

Fidelity Go

Finder rating 4.2 / 5 ★★★★★

This robo-advisor has no account minimums, offers a healthy selection of individual and retirement accounts and comes with 24-hour customer support. The downsides? It only offers mutual fund investments and isn’t equipped to offer tax-loss harvesting — a feature that a number of its competitors offer.

Now, what makes Fidelity Go appropriate for smaller accounts? You don’t pay a dime for Fidelity Go unless your portfolio is over $10,000. A flat rate of $3 monthly applies to accounts of up to $50,000 — anything beyond that is subject to a 0.35% management fee. And as far as fees are concerned, more competitive rates can be found elsewhere, so Fidelity Go is best utilized by those with smaller portfolios.

Learn more at the Fidelity Go site.

6. Wealthfront — Best for tax-savvy investors


Finder rating 4 / 5 ★★★★★

This well-equipped robo-advisor is outfitted with everything you need to set it and forget it with peace of mind. Wealthfront comes with automated rebalancing, free financial planning and has plenty of accounts to choose from. It even has FINRA-registered advisers on staff to answer questions about your account — although you’re under no obligation to talk to a human throughout the investment process.

Of the robo-advisors on this list, Wealthfront shines for its tax-advantaged investing. In addition to retirement accounts and basic tax-loss harvesting, Wealthfront offers US direct indexing for accounts of $100,000 or more: a sophisticated form of tax-loss harvesting that aims to capture losses at the individual stock level.

Learn more at

Honorable mentions

Just because a platform didn’t nab a top score doesn’t mean it isn’t worth a look. Your circumstances are unique, and there’s a chance that one of our honorable mentions just might do the trick. These platforms didn’t score as high as our top performers, but they each offer niche features that might make them a practical fit for you

1. M1 Finance — Best for choosing your own investments

M1 Finance

Finder rating 3.7 / 5 ★★★★★

M1 Finance is one of the more unique robo-advisors on the market because it allows you to pick your own investments. It sounds a little counterintuitive — after all, aren’t you opting for a robo-advisor because you want your portfolio managed for you?

But that’s the beauty of M1 Finance: it does manage your portfolio. It’s equipped with automatic portfolio rebalancing to keep your investments in line with your financial goals. You pick your investments when you sign up, then hand the reins over to M1 Finance. Simple as that.

Just keep in mind that if you want to open a retirement account, you’ll need a $500 minimum deposit.

2. Ellevest — Best for empowering female and non-binary investors


Finder rating 3.8 / 5 ★★★★★

Ellevest is in a class of its own when it comes to financial services, resources and educational materials. In fact, it markets itself as a platform designed to help close the wealth gap for female and non-binary investors. Though to be clear, any investor, regardless of gender identity, is welcome to join.

All memberships have access to Ellevest’s core services, which include its robo-advisor, an FDIC-insured savings account, a checking account with a debit card and educational resources. Prices range from $1 to $9 monthly with additional fees for its financial coaching packages.

Ellevest is an interesting option for those seeking additional services beyond a no-frills robo-advisor. But if you’re purely interested in a place to invest, you’ll want to look elsewhere.

3. Titan — Best robo-advisor alternative


Finder rating 3.1 / 5 ★★★★★

If you have reservations about leaving your funds in the care of a digital algorithm, don't fret. Automated investment services like Titan are run by humans and offer the same hands-off portfolio management as robo-advisors. The difference? Your portfolio is managed by a team of professional human advisers.

Titan is also unique in that it offers a choice between one of two portfolios that invest in 20 stocks apiece. These portfolios are overseen by the Titan team, so you don't need to do much outside of funding your account.

The biggest drawback is the pricing; accounts under $10,000 are charged $5 monthly, while larger portfolios are subject to a 1% management fee. To be fair, human wealth management typically comes at a higher cost, but you can find more competitive rates almost anywhere else.

How we picked these platforms

We compared 15 of the most popular robo-advisors on the market using a system of one to five stars. Each platform’s aggregate score is a compilation of individual scores across seven key metrics: fees, account minimums, account selection, tax advantages, customer support, investor feedback and mobile app ratings.

We included our six highest best robo-advisors here, ordered from highest to lowest score, plus three honorable mentions that offer niche features. But keep in mind that while our rating methodology is designed to help us objectively rank robo-advisors, it can’t take your life circumstances into account. The best service for you will depend on your financial goals and investing experience.

5 steps to choose the best platform for your finances

Before you sign up, you’ll want to consider the following:

  1. Figure out how much you have to invest. Account minimums and premium tiers may come into play depending on your portfolio’s size, so consider how much you have to invest while you assess investment services.
  2. Take a look at your spending habits. If you use your debit card often, a service that offers roundups may be a particularly effective way for you to add to your investments.
  3. Take a look at your annual income. While some robo-advisors offer tax-loss harvesting, others don’t. But this won’t impact your finances unless your annual income is over $40,000.
  4. Factor in your communication preferences. A platform without phone support may be a dealbreaker for some, so explore the customer support options before you sign up.
  5. Consider your retirement. Not all robo-advisors offer access to retirement accounts, so if you have your heart set on an IRA, opt for a platform with comprehensive account selection.

Bottom line

The ideal robo-advisor for your portfolio depends on financial goals. Explore your automated investment options to find the account that best meets your needs.

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